Yes, You Can Buy Cheap Insurance Online!

Lucy Lazarony February 12, 2021

The Internet is a great way to find cheap insurance online. You don't need to speak to an agent. You can buy the cheap insurance online for your car any hour of the day or night. You can input the personal data you need and your car's information right into a company's website. You'll have a quote in minutes and some insurance companies even let you finish the transaction and buy insurance using e-signatures. What a convenient way to buy insurance. For cheap insurance online, you'll need to give an insurance company your name and address, your current job, your previous address, car insurance company information, vehicle information, your car's safety features, your car's mileage, your driver history, your driver's license information and the coverage and policy limits that you would like.

Can You Buy Insurance 100 Percent Online?

It is easy to buy car insurance online. But not all carriers can bind a policy 100 percent online. Others can do the whole process e-signatures and all. Let's look at how two major insurance companies handle online purchasing of insurance.

Cheap insurance online doesn't have to mean poor quality or a bad insurance company. And some products like life insurance may require physicals and other offline processes. And other life insurance companies are completely online.

Take Ladder Insurance, for instance. Ladder Insurance is a digital insurance agency. Ladder Insurance sells life insurance online to customers without charging any hidden fees.The whole process of purchasing a life insurance policy takes as little as five minutes and any documents that need to be signed are signed by e-signature. Whether or not their rates are as low as they advertise is another question.

Get a Quote Now with an Online Form

Get an affordable insurance quote fast. Whether it's car insurance or life insurance, SmartFinancial works with reputable companies offering low rates. And you can do it all online.

You should never pay for an insurance quote. SmartFinancial will not ask you to put a credit card number down.

Cheap insurance online quotes are often estimates for the rate you're offered. Until an underwriter writes the policy, it is possible the rate will change.

How Long Does an Online Quote Take?

SmartFinancial's questionnaire takes three minutes to fill out. You'll be asked things such as your car's vehicle year, vehicle make and model. Other questions include whether you have a second vehicle to insure, if you currently have insurance and if you are a homeowner. You'll also be asked your birthday and birth year, if you are married and whether or not you've had any at-fault accidents or DUIs in the past three years. The final questions include your address, email and phone number. It is a quick and easy survey to complete and you'll have insurance quotes that match your profile when you are done.

Also SmartFinancial pairs you with the insurer offering the best deal. It could take hours to call each cheap insurance online company and then compare rates all on your own. With SmartFinancial, you get quotes online for cheap insurance without the hassle.

What Is the Cheapest Car Insurance?

No carrier will rate two people, even with similar profiles, exactly the same. This is what makes it hard to say which cheap insurance online will offer you the best deal unless you shop through SmartFinancial.

How Rates Vary for Drivers

Let's take a look at what SmartFinancial's analysis of rates shows for drivers in New York. New York is the fourth most populated state in the country. There are a lot of drivers in New York and over 110,000 miles of road.

  • Your age impacts your car insurance rates. Typically, car insurance companies will charge more for younger drivers and provide discounted rates for older drivers. In New York, the typical teen driver between the age of 16 and 19 will pay $347.62 per month. A driver in their 40s will pay an average of $189.55 per month.

  • In New York, married drivers pay slightly less. In New York, a married couple typically pay around $200.53 per month. Single drivers pay around $207.44 per month for their auto insurance policies.

  • Drivers with good or excellent credit pay less on their car insurance. In New York, drivers with excellent credit pay an average of $158.14 per month compared to drivers with poor credit who typically pay $263.84 per month.

  • Homeowners in New York pay slightly less for car insurance. In New York, drivers who own their homes will usually pay around $195.63 per month. Drivers who rent their homes usually pay around $208.23 per month for car insurance.

  • Drivers who are shopping for insurance without currently having insurance pay more in their monthly insurance rates. In New York, the average monthly rate for a driver who is currently insured is $196.05 per month. Drivers who are not currently insured pay around $222.41 per month for car insurance.

  • Education level impacts your car insurance rates. In New York, a driver with a high school diploma will typically pay $196.69 per month. Someone with a bachelor's degree will be charged around $172.76 per month.

What Is Full Coverage?

Full coverage for cheap insurance online includes collision insurance and comprehensive insurance on top of the state minimum requirements, which always includes liability and may include personal injury protection depending on where you live.

How does the cost of full coverage compare to liability only? Liability only coverage is typically cheaper and covers the cost of damage you may cause to other people or vehicles. In New York, the liability only coverage is around $125.79 per month. Full coverage costs about $216.73 per month.

Cheapest Insurance by State

According to U.S News, the 10 states with the cheapest car insurance rates are Maine, New Hampshire, Idaho, Ohio, Wisconsin, Indiana, Washington, Alaska, North Dakota and Vermont.

The top five most expensive states for car insurance are Michigan, Missouri, Louisiana, Florida and New York.

Wondering how low auto insurance rates can go? Here is a look at the top 10 cheapest states for car insurance. The amounts are car insurance costs per year:



New Hampshire














North Dakota




Cheapest Companies for Minimum Coverage

Here are the top five cheapest insurance companies for minimum coverage.

  • In the number one slot is Erie, which has a yearly minimum coverage of just $372.

  • Number two is Auto-Owners with a yearly minimum coverage of $398.

  • USAA is number five with a minimum coverage of $539 per year.

Cheapest Companies for Full Coverage

Here are the top seven cheapest companies for a full coverage policy. The dollar amounts are the prices for six-month policies.

  • Nationwide has the lowest full coverage policy with $541 for a six-month policy.

  • USAA is fourth with a full coverage policy of $636 for six months.

  • State Farm is fifth with full coverage insurance policy of $646 for a six-month policy.

  • Travelers is sixth with a full coverage policy of $684 for six months.

  • American Family is seventh with a full coverage insurance policy of $700 for a six-month policy.

Get Multiple Quotes Online Fast!

Cheapest Auto Insurance After an Accident

The cheapest car insurance company after an accident is State Farm. The following five cheapest auto insurance rates are for six-month policies.

  • At State Farm, the beginning rate was $869 and the after-accident rate was $1,038, an increase of just 19 percent.

  • At Erie, the beginning rate was $761 and the after-accident rate was $962, which is an increase of 26 percent.

  • At Travelers, the starting rate was $1,509 with an after-accident rate of $1,929, an increase of 28 percent.

  • Auto-Owners has a beginning rate of $1,056 and an after-accident rate of $1,371, which is an increase of 30 percent.

  • USAA has a starting rate of $654 and an after-accident rate of $883, which is an increase of 35 percent.

As you can see, auto accidents make a big difference to auto insurance premiums. Here is a look at what happens to insurance rates in New York after an accident. Just imagine what it can do where you live! Visit here to see rates in your area.

Cheapest Car Insurance for Military Families

USAA offers cheap car insurance rates starting at $895 a year for military families. USAA is the fifth largest auto insurer in the country. So if you're shopping for car insurance and have a military background, USAA is a good first place to shop.

Esurance allows U.S. service members to cancel and reinstate auto insurance policies when they are deployed without being charged as a lapse in coverage.

Armed Forces Insurance is a good company if you are a veteran or retired military. Armed Forces Insurance offers insurance rates that are available for your cars as well as number of other loans. Armed Forces Insurance is available in all 50 states.

Cheapest Auto Insurance for Low Mileage Drivers

In general, low mileage drivers are people who drive less than 7,500 miles per year. Below is a listing of the top five cheapest auto insurance companies for low mileage drivers. The amounts are per year.

According to U.S. News, the cheapest auto insurance companies for low mileage are:



State Farm




American Family


Cheapest Car Insurance for Drivers with Low Credit Score

At USAA, you will find an affordable car insurance rate despite a low credit score. At Geico, you also can find affordable insurance rates with low credit scores. And Nationwide offers good rates to drivers with poor credit as well. Other major companies offering affordable rates to drivers with poor credit are Allstate, Travelers, Farmers and State Farm.

Coverages and Recommended Limits

If you ever cause a car crash, liability insurance pays for other people' injuries and property damage up to your liability limit. Many states have minimum liability requirements for the drivers in their states. But these liability requirements are quite low and you'll need a greater level of liability protection if you are in a serious accident. That is why the Insurance Information Institute recommends carrying $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability per accident.

Some states require personal injury protection (PIP) coverage for the drivers in their states. Also known as no-fault insurance, this coverage pays the cost of lost wages and medical bills up to the PIP policy limit. PIP pays these expenses regardless of who is responsible for the accident.

And some states also require uninsured motorist coverage and underinsured motorist coverage. Uninsured motorist coverage helps pay for damages caused by a driver who doesn't have insurance. Underinsured motorist coverage protects you in the event of an accident where the other party is at fault and is underinsured.

Are you financing a car? Your lender may require that you carry collision coverage and comprehensive coverage for the length of the loan. Collision insurance is coverage that helps to repair or replace your car if it's damaged in an accident with another vehicle or object such as a fence, tree or guardrail. Comprehensive auto insurance covers events that aren't covered by collision insurance. These events include fire, theft, vandalism and damages from weather such as a hailstorm, a windstorm, a hurricane and a tornado.

Discounts Can Lower Car Insurance Rates

Want a way to lower your insurance premium? Reach out for as many discounts as you qualify. Got more than one car to insure? You're eligible for a multi-car discount. Have home insurance and auto insurance all at the same company? You can bundle those policies together and save money on your premiums. Able to make big payments on your insurance? If you can pay the annual amount or six-month amount, you'll pay a lower premium.

Are you a safe driver? If you haven't had any tickets or accidents or DUIs, you may be eligible for a good driver discount. Are you a member of a professional organization or affiliate group? Some groups get discounts on car insurance. Check to see if your group qualifies you for a discount. Are you married or a homeowner? Both these groups get discounts on their car insurance. Are you a student or a member of the military? These groups also get savings on their car insurance. Many auto insurance companies list discounts right on their website. So it is easy to see the ones for which you qualify. If you don't see information on discounts, be sure to ask an agent. Discounts save money and you want to save as much as you can on that auto insurance premium.

Why Young Drivers Benefit from Comparison Shopping

Young drivers have the highest auto insurance rate, sometimes even more than someone with a DUI. While you can't expect miracles and you will pay higher rates no matter what, some insurers are better suited for new drivers and offer better deals. Comparison shopping for young drivers is key.

Are Car Insurance Quotes Commitment Free?

A company should never ask you to put down a credit card to give you an insurance quote. At SmartFinancial, you can get several quotes, one for home, one for life, one for auto, all free of charge. You can even try again in a few months if you succeed in cleaning up your driving record or improving your credit score. At SmartFinancial, you'll get stress-free quotes that allow you to find the best rates for you right now. There is no pressure, just good information for you as you shop for auto insurance rates.

How to Compare Car Insurance Quotes

Insurance comparison sites give you a list of auto insurance quotes. SmartFinancial can help you find cheap insurance online. Without the hassle of making multiple calls to compare or doing anything at all, finding cheap insurance online can be tricky, but all you do with SmartFinancial is fill out a few questions, mainly about your car. So have your VIN ready and you're set to go with SmartFinancial.

How to Get a Cheaper Auto Insurance Premium

There are a number of factors that go into the cost of an auto insurance premium. Let's look at a few. Your driving history is a big factor in how much you'll pay for insurance. If you have a good driving record with no tickets, DUIs, or at-fault accidents, you will pay a lower insurance premium and you may qualify for a good driver discount. On the flipside, if you've been at fault in an accident or had a DUI, you will pay more for your car insurance.

Your credit record is also a factor in your car insurance costs. In most states, car insurance companies use credit-based insurance scores when setting rates for customers. If you have a squeaky clean credit record and low debt, you're likely to land a good deal on your car insurance.

The type of car you drive plays a factor in your auto insurance premium. For example, if you have a sports car, your average insurance cost will be higher. And your rate will go up even higher if you get a speeding ticket or if you should cause an accident with your sports car.

A luxury car is another type of car with higher car insurance rates. These cars have more expensive parts to replace and are costlier to repair if there should be a crash. Both these factors make a luxury car more expensive to insure.

In many states, your gender plays a role in the average insurance cost that you pay for car insurance. For younger men and women drivers, the men tend to pay higher insurance rates. But come middle age, women tend to pay more on their auto insurance rates.

Drivers who are under the age of 25 and over the age of 65 have more serious accidents and pay more for their car insurance. Drivers of the ages in-between pay less for car insurance.

The coverages you choose for your car insurance impact your auto insurance premium cost.

And the more coverages you choose, the greater the cost. Begin with the minimum auto insurance requirements in your state. Add additional coverages as needed. For example, if you are financing a car you'll need to carry collision insurance and comprehensive insurance for the length of the loan.

If you are married, you will pay less for car insurance. There is a correlation between being married and exhibiting safe driving behavior. Because of this, married drivers pay less for auto insurance than singles.

If you live in a neighborhood with high accident claims and high auto theft, you are going to pay more for your car insurance. If you live in a neighborhood with low accident claims and low crime, you will pay less on your car insurance. So choose a safe neighborhood and save on your auto insurance premium.

Statistics show that people who own homes drive more safely. So let your insurance company know that you own a home and enjoy the savings on your auto insurance premium.

Want low cost insurance? Be a low-mileage driver. You'll save money on your car insurance when you drive fewer miles during a year. People with heavy commutes that rack up the miles pay more for car insurance. Low-mileage drivers pay less and the average insurance cost of their premium is lower.

Sticking with your auto insurance coverage will save you money on your premium. If you have a break in coverage and go months or even years without auto insurance coverage, you will pay more for your premium when you begin insurance coverage again. So maintain your car insurance coverage year after year and save money on your car insurance.

Low Cost Car Insurance Benefits

You may have a $500 clunker that should not have collision and comprehensive coverages. But liability is another story. Liability pays the other guy if you're at fault. Make sure to buy cheap insurance online through SmartFinancial. With SmartFinancial, you know the carrier has the financial strength to cover medical costs and damage to property if you are in an accident. SmartFinancial is the only partner with reliable insurers.

Lower payments will make it easier to carry higher liability limits. Accidents rarely are covered with minimum liability coverage these days, not if you hit a brand new car. So insure your car with care. You want to be covered if an accident should happen.

Get a Free Auto Insurance Quote Online Now.